eBay Inc. $EBAY Shares Sold by Oregon Public Employees Retirement Fund

Oregon Public Employees Retirement Fund lessened its stake in eBay Inc. (NASDAQ:EBAY) by 9.8% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 49,260 shares of the e-commerce company’s stock after selling 5,350 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in eBay were worth $5,224,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. BlackRock Inc. acquired a new stake in eBay in the second quarter valued at approximately $4,406,897,000. Legal & General Group Plc purchased a new stake in shares of eBay during the second quarter valued at approximately $506,653,000. Amundi raised its stake in shares of eBay by 26.4% during the second quarter. Amundi now owns 4,014,323 shares of the e-commerce company’s stock valued at $448,601,000 after purchasing an additional 838,057 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of eBay by 1.7% during the first quarter. Dimensional Fund Advisors LP now owns 4,901,415 shares of the e-commerce company’s stock worth $446,042,000 after purchasing an additional 80,450 shares in the last quarter. Finally, Bank of America Corp DE acquired a new position in shares of eBay during the second quarter worth $405,182,000. Hedge funds and other institutional investors own 87.48% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on EBAY. Mizuho set a $120.00 target price on shares of eBay in a research note on Thursday, October 29th. Piper Sandler reaffirmed an “overweight” rating and set a $140.00 price target on shares of eBay in a research note on Thursday, October 29th. Arete Research dropped their price target on shares of eBay from $113.00 to $111.00 and set a “neutral” rating on the stock in a research note on Thursday, September 24th. Citizens Jmp lowered shares of eBay from an “outperform” rating to a “market perform” rating in a report on Tuesday, August 4th. Finally, Morgan Stanley boosted their price objective on shares of eBay from $132.00 to $140.00 and gave the stock an “overweight” rating in a report on Thursday, October 29th. Seventeen analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, eBay presently has a consensus rating of “Hold” and an average price target of $123.52.

eBay News Summary

Here are the key news stories impacting eBay this week:

• Positive Sentiment: Argus raised its price target to $138 from $133 and maintained a Buy rating, signaling continued analyst confidence in eBay’s outlook. Tickerreport article
• Positive Sentiment: eBay is lowering Depop shipping rates and adding delivery features. The changes may improve affordability and convenience for buyers and sellers, although the financial impact is not yet clear. Yahoo Finance article
• Positive Sentiment: Nissan is beginning to sell factory parts through eBay Canada, with local dealers handling orders. The partnership could add product selection and attract customers seeking genuine parts. MSN article
• Neutral Sentiment: Coverage highlighted eBay’s push into livestream shopping and a reported $59.7 million AI-supercomputer listing or sale. These point to the platform’s range and potential, but appear to be early-stage or unusual examples rather than evidence of a material, recurring revenue contribution. Inc. article Yahoo Tech article

eBay Price Performance

Shares of NASDAQ EBAY opened at $123.35 on Friday. eBay Inc. has a fifty-two week low of $78.03 and a fifty-two week high of $127.74. The business has a 50 day moving average price of $112.16 and a two-hundred day moving average price of $104.41. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 1.16. The firm has a market cap of $54.15 billion, a PE ratio of 25.70, a price-to-earnings-growth ratio of 2.99 and a beta of 1.30.

eBay (NASDAQ:EBAY) last posted its quarterly earnings data on Wednesday, October 28th. The e-commerce company reported $1.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.41 by $0.10. eBay had a return on equity of 49.20% and a net margin of 16.84%. The company had revenue of $3.21 billion for the quarter, compared to the consensus estimate of $3.12 billion. During the same period in the previous year, the business earned $1.36 EPS. eBay’s revenue for the quarter was up 13.7% compared to the same quarter last year. Sell-side analysts expect that eBay Inc. will post 4.75 earnings per share for the current fiscal year.

eBay Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 18th. Stockholders of record on Friday, December 4th will be given a dividend of $0.31 per share. The ex-dividend date of this dividend is Friday, December 4th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.0%. eBay’s dividend payout ratio (DPR) is presently 27.07%.

Insiders Place Their Bets

In other eBay news, CEO Jamie Iannone sold 11,110 shares of the stock in a transaction on Monday, October 5th. The shares were sold at an average price of $107.08, for a total transaction of $1,189,658.80. Following the transaction, the chief executive officer directly owned 226,269 shares in the company, valued at $24,228,884.52. This represents a 4.68% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Jordan Sweetnam sold 1,014 shares of the stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $101.39, for a total transaction of $102,809.46. Following the transaction, the senior vice president owned 35,546 shares in the company, valued at $3,604,008.94. This trade represents a 2.77% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 23,234 shares of company stock valued at $2,429,577. Insiders own 0.67% of the company’s stock.

About eBay

eBay Inc operates a global online marketplace that connects buyers and sellers. Through its platform, individuals, small businesses and larger retailers can list and purchase new, used and refurbished merchandise across categories such as electronics, apparel, collectibles, automotive parts and accessories, home goods and industrial products. Transactions may take place through auctions or fixed-price listings, with payments, shipping and other seller and buyer services supporting the marketplace experience.

Founded in 1995 as AuctionWeb by Pierre Omidyar, eBay has grown from an online auction site into a broad e-commerce platform.